Representatives may stand for election to the Board of Directors

If you wish to stand as a candidate for the Association’s Board of Directors, you must first be elected to the Board of Representatives. Only representatives may stand for election to the Board of Directors.

As a newly elected representative, you can announce your candidacy as early as autumn 2026. You may also wait to decide whether you wish to stand for election until you receive the notice convening the Annual General Meeting, which will set out the deadlines. You can read more about the deadlines in article 10 of the articles of association, which are available here.

Meetings and materials

The Association’s Board of Directors holds approximately six ordinary board meetings, a board seminar and a training day each year.

As a general rule, ordinary board meetings run from 9.30 am to 4.00 pm.

Board members receive materials to assist with the consideration of the items on the agenda approximately two weekends before board meetings.

The volume of material varies, but you should expect around 300-400 pages per meeting.

Directors’ liability

As a member of the Association’s Board of Directors, you are subject to directors’ liability.

This means, for instance:

• ensuring that the Board of Directors complies with applicable legal requirements
• ensuring that the company has a robust management system and establishing the framework for it
• laying down the company’s strategy and the framework for the Executive Board
• ensuring effective corporate governance, including a clear organisational structure and division of responsibilities
• ensuring effective procedures for identifying, monitoring and reporting risks.

All board members are jointly and severally liable.

AP Pension has taken out liability insurance for the members of the Association’s Board of Directors, covering claims for which a board member is legally liable.

Fit and proper

To serve on the Board of Directors of AP Pension, it is a requirement that those elected have been approved by the Danish Financial Supervisory Authority as being fit and proper.

Duty of confidentiality

Members of the Association’s Board of Directors are bound by a duty of confidentiality and are expected to sign a confidentiality agreement in connection with the initial board meeting held immediately after the general meeting.  

Skills and board training

The overall skills and expertise that the members of the Association’s Board of Directors must possess are subject to certain requirements.

New board members must complete an approved basic course (board training) no later than 12 months after joining the Board of Directors. AP Pension covers the expenses associated with the compulsory training for board members.

An annual training day is held to bring board members up to date on relevant topics.

Fees

As a member of the Board of Directors, you will receive a fee, which is paid quarterly.

The fee is set by the Board of Directors and approved at the general meeting.